Insider Selling: SolarWinds Corp (SWI) CEO Sells 19,158 Shares of Stock

SolarWinds Corp (NYSE:SWI) CEO Kevin B. Thompson sold 19,158 shares of SolarWinds stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $18.97, for a total value of $363,427.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of SWI traded up $0.39 during trading hours on Thursday, reaching $19.39. 1,070 shares of the company traded hands, compared to its average volume of 386,017. The firm has a market capitalization of $5.97 billion and a PE ratio of 34.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.51 and a quick ratio of 1.36. SolarWinds Corp has a 12-month low of $12.25 and a 12-month high of $21.22.

SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Wednesday, April 24th. The software maker reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $216.00 million for the quarter, compared to analysts’ expectations of $216.54 million. SolarWinds’s revenue was up 9.6% compared to the same quarter last year. As a group, research analysts anticipate that SolarWinds Corp will post 0.81 EPS for the current fiscal year.

SWI has been the topic of several research reports. Barclays restated a “hold” rating and issued a $17.00 target price on shares of SolarWinds in a research note on Friday, January 18th. ValuEngine raised shares of SolarWinds from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Jefferies Financial Group reissued a “buy” rating and issued a $21.00 price objective on shares of SolarWinds in a research note on Friday, February 8th. Goldman Sachs Group downgraded SolarWinds from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Monday, March 18th. Finally, Citigroup upped their price target on SolarWinds from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. SolarWinds currently has a consensus rating of “Buy” and a consensus price target of $19.60.

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of SolarWinds during the 4th quarter worth approximately $41,000. Rhumbline Advisers bought a new stake in shares of SolarWinds in the fourth quarter valued at $292,000. First Trust Advisors LP bought a new stake in shares of SolarWinds in the fourth quarter valued at $3,579,000. Dean Capital Investments Management LLC bought a new stake in shares of SolarWinds in the fourth quarter valued at $552,000. Finally, BlackRock Inc. bought a new stake in shares of SolarWinds in the fourth quarter valued at $8,561,000. 96.00% of the stock is currently owned by hedge funds and other institutional investors.

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SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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